Continuously monitoring our Group-wide controls
We are committed to prompt disclosure and transparency for all tax matters. This includes the disclosures and submissions we make to comply with the requirements of the Reports on Payments to Governments Regulations, the Extractives Industries Transparency Initiative (EITI), and the Country-by-Country Reporting (CBCR) framework, developed by the Organisation for Economic Co-operation and Development (OECD).
Harbour's Tax Policy applies to all taxes we are subject to, and covers, among other things: framework, planning, risk management, governance, relationship with authorities and external communications.
The heightened fiscal instability in the UK requires us to consider the implications on our strategy and investment plans, and to adapt to potential future legislative changes and further fiscal risk.
We are also considering the implications of the OECD Base Erosion and Profit Shifting (BEPS) Pillar 2.0 initiative and associated Global Anti-Base Erosion (GloBE) Rules which in the UK will apply for accounting periods beginning on or after 31 December 2023. We will look to ensure that any potential impacts are understood and that any necessary process, procedure or system enhancements are appropriately implemented.